Legendary Furniture and Upholstery business for Sale in Gauteng
Business Description:
Price Reduced
Established in 1936 this business is a renowned upholstery and furniture manufacturer with service to its clients for over 78 years.
Starting off as a small family concern in Johannesburg this business has grown to become one of the destination businesses offering quality workmanship in the form of the following:
– furniture reupholstery, upholstery repair, custom upholstery design and furniture restoration.
This business prides itself in its Expertise in traditional and modern upholstery techniques, High-quality materials and craftsmanship and its Personalized service to meet individual client needs.
Stock on hand is NOT included in the asking price.
Current work in progress is +-R100 000
Clients include Furniture retailers and manufacturers, Homeowners seeking to restore or reupholster furniture, Interior designers and decorators to name just a few.
After so many years in the industry the sellers have decided to step out of the industry and are now offering this superb opportunity to someone / family that have the same passion and commitment that has served this business well for so many years.
Priced to sell, extremely well established and having generated a decent living for the sellers, this business a superb opportunity anyone for who has a passion for furniture restoration and upholstery.
Financial Information
Current Annual Turnover:
R2 056 577 (2024)
Operating Net Profit (EBITDA):
+- R592 177 (2024)
ROI%
+-39%
Assets / Equipment:
Included in the Asking price.
Owner Drawings:
+-R 52 000 per month
Stock on Hand:
Purchased as required (Not Included in the Asking Price)
Property
Leased
Monthly Rental:
+-R10 000 per month
Vat registered:
Yes
Franchise:
Not Part of any Franchise
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
BuSiness Information
Industry
Upholstery and Furniture Restoration
Asking Price
R1 500 000 (Including Assets)
PROVINCE
Gauteng
CITY
Johannesburg
Premises:
Workshop type enviroment (LandLord Approval will be required).
Hours of work:
Mon to Fri: 09h00 to 17h00 Sat: 09h00 to 15h00
Buyer Profile:
This business is ideally suited as an add-on business to a similar type of business that is looking to expand or add onto their current business operations. This business will also suit a husband-and-wife team / family or a person / entrepreneur who is looking for an uncomplicated and easy to run business.
Full training and support will be provided by the Seller
Growth Potential:
This business already has an extensive client base and thus growth prospects include expanding the business into other areas of Johannesburg, opening new branches in other towns in the other provinces of South Africa as well as more aggressive online marketing.
Reason for selling:
Retirement
Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.
Contact Us
call
Grant – 073 556 0065
grant@mnbrokers.co.za
visit
Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070